Halfords Group (LON:HFD) Trading Up 13.5% – Here’s What Happened

Halfords Group plc (LON:HFD)’s stock price rose 13.5% during trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 143 ($1.78). Approximately 4,323,830 shares changed hands during mid-day trading, an increase of 363% from the average daily volume of 933,098 shares. The stock had previously closed at GBX 126 ($1.56).

Halfords Group Stock Performance

The business’s fifty day moving average price is GBX 135.29 and its two-hundred day moving average price is GBX 143.41. The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91. The stock has a market capitalization of £312.89 million, a P/E ratio of 1,101.90, a P/E/G ratio of 2.80 and a beta of 1.62.

Halfords Group (LON:HFD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) earnings per share (EPS) for the quarter. Halfords Group had a return on equity of 5.22% and a net margin of 1.00%. As a group, sell-side analysts forecast that Halfords Group plc will post 9.1143911 earnings per share for the current year.

Halfords Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 12th were given a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 2.32%. Halfords Group’s dividend payout ratio is presently 6,153.85%.

Halfords Group Company Profile

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.